Technology lowers costs and bends trend

Commentary September 28, 2016 at 07:24 AM
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Technology is most useful when it provides insights that help you advise your clients on changes they can make to lower claims costs and bend their trend.

Our subject matter expert this week is Keith Lemer, CEO of Wellnet Healthcare Plan and a founding member of the Healthcare Performance Management Institute — a think tank focused on using technology to bring down the cost of health care.

Regardless of a company's size, without measurable data, process improvement is difficult at best. We invited Keith to discuss how advisors can access relevant data to improve the decision-making processes.

With data, advisors are in a prime position to help their clients make choices that will reduce health care costs, increase compliance and better control health care dollars spent.

Once identified, we explore strategies for working with the 20 percent of the population that is driving the majority of claims costs. We also discuss the top three issues advisors face, and what tools are available for them to use. Health insurance is expensive because health care is expensive. Since that shows no sign of abating, clients will be looking to advisors for expert guidance on innovation, expert delivery, and how to reduce costs while achieving the best quality and outcomes for employees.

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